The UK has taken new steps to clamp down on Russia’s shadow fleet exporting oil and funding Moscow’s war machine, with the Foreign Office announcing sanctions on 10 ships that it believes to be at heart of the operation.
Russia has a large fleet of often unseaworthy and ageing tankers that transport Russian gas and oil products around the globe. Oil exports are Vladimir Putin’s most critical revenue source for funding the war in Ukraine, accounting for about a quarter of the Russian budget in 2023.
